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Company Registration in Singapore

Updated on Monday 06th January 2020

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Singapore is a very attractive business market for foreign investorsCompany registration in Singapore is done with the Accounting and Corporate Regulatory Authority (ACRA).  Investors can choose to register the following types of companies in Singapore:

  •          -          sole proprietorships,
  •          -          private and public limited liability companies; clients interested in setting up a private limited company in Singapore can receive assistance from our experts;
  •          -          partnerships limited by shares,
  •          -          general and limited partnerships,
  •          -          foreign companies can opt to register branch offices, representative offices and subsidiaries in Singapore.

Our company formation advisers invite you to watch the video below in order to find out how to open a company in Singapore:

Company registration steps in Singapore

The registration process for a Singapore company takes very little as it done electronically on the online platform of ACRA. There are two main steps when registering a company with the Singapore Trade Register. The first step is choosing a name for the company and submitting it for approval. Once the name has been approved, the registration file can be submitted with the Company Register in Singapore. The whole process should not exceed two days. Once the Certificate of Incorporation is released, the company must open a bank account with a Singapore bank, obtain certain permits or licenses if it is the case and register for Goods and Service Tax (GST) with the authorities.

After GST registration, companies can also opt for EORI registration in Singapore.

Documents required for company registration in Singapore

As in other countries there are minimum requirements when registering a business in Singapore. Foreign investors must keep in mind that according to the Company Act in Singapore a company must have at least one resident director, a secretary and private limited companies are allowed to have from one to 50 shareholders. Companies must also have registered offices in Singapore. Foreign investors must request the services of a professional firm if they want to open a company in Singapore.

Our representatives in company formation in Singapore can help you set up a company.

The information and documents to be submitted with the Singapore Trade Register are:

  •          -          the company name,
  •          -          information about business activities to be undertaken in Singapore,
  •          -          details about the shareholders, directors and secretary of the company,
  •          -          the registered address of the Singapore company,
  •          -          the Articles of Association of the company.

You can rely on our consultants in company formation in Singapore to draft the Articles of Association of your new company.

The Singapore company’s business profile

One of the most important documents issued by the Trade Register in Singapore after a company is registered is its business profile. This document, which is usually issued in electronic format will help the company apply for its business licenses.

A Singapore company’s business profile will contain the following information:

  • -       the name of the company;
  • -       the company’s registration number;
  • -       the previous name, if applicable;
  • -       the registration date;
  • -       the share capital;
  • -       the activities of the company;
  • -       the company’s address;
  • -       the shareholders, directors, secretary’s names and addresses.

Special requirements for foreign investors opening companies in Singapore

Foreign entrepreneurs opening companies in Singapore are required to appoint a resident to carry out the registration process with ACRA, short from the Accounting and Corporate Regulatory Authority. Our Singapore company formation agents offer full company registration services.

Another requirement for overseas enterprisers is to obtain an entrepreneur pass if they plan to relocate to Singapore and run their business from here. This requirement is not applicable to those opening the company without moving to Singapore. However, the residence permit also allows the investor to act as a company director in Singapore.

Company formation services in Singapore

Our local company incorporation agents can offer full company registration services, as well as other related services in order for your company to run smoothly. Among these, we remind that you can request the following services:

  • -       accounting;
  • -       nominee shareholder, director or secretary services;
  • -       virtual office services;
  • -       virtual CFO services.

You can also contact our Singapore company formation consultants for any information regarding company taxation in this jurisdiction. In case you need company registration services in other jurisdictions, such as Montenegro, we can put you in contact with our partner company registration experts.

Why choose us?

Roger Pay is the Managing Director of Bestar and an experienced company formation consultant. He will help you open your company in Singapore as fast as possible. 

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As a Bestar clientyou will benefit from the joint expertise of local lawyers and consultants for opening an offshore company in Singapore.

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Call us now at +65 97236684 in order to set up an appointment with our consultants in Singapore

 
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